United Rentals, Inc. (URI) to Post FY2018 Earnings of $12.50 Per Share, Jefferies Group Forecasts

United Rentals, Inc. (NYSE:URI) – Equities research analysts at Jefferies Group raised their FY2018 earnings estimates for shares of United Rentals in a research note issued on Monday. Jefferies Group analyst J. Jordan now forecasts that the construction company will post earnings of $12.50 per share for the year, up from their previous estimate of $11.08. Jefferies Group has a “Buy” rating and a $165.00 price objective on the stock. Jefferies Group also issued estimates for United Rentals’ FY2019 earnings at $14.08 EPS.

A number of other research analysts also recently issued reports on URI. BidaskClub raised shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research downgraded shares of United Rentals from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Axiom Securities reissued a “sell” rating on shares of United Rentals in a research report on Thursday, July 13th. Royal Bank Of Canada raised shares of United Rentals from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $128.00 to $138.00 in a research report on Monday, July 17th. Finally, Bank of America Corporation reissued a “buy” rating and set a $145.00 target price (up previously from $130.00) on shares of United Rentals in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. United Rentals presently has an average rating of “Buy” and an average price target of $140.37.

TRADEMARK VIOLATION NOTICE: This story was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright law. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/19/united-rentals-inc-uri-to-post-fy2018-earnings-of-12-50-per-share-jefferies-group-forecasts.html.

United Rentals (NYSE URI) traded down 1.33% during midday trading on Wednesday, hitting $142.40. 1,904,935 shares of the stock were exchanged. The firm’s 50 day moving average price is $133.45 and its 200 day moving average price is $118.10. United Rentals has a 12 month low of $70.58 and a 12 month high of $147.60. The company has a market cap of $12.04 billion, a PE ratio of 20.69 and a beta of 2.46.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 18th. The construction company reported $3.25 EPS for the quarter, beating the Zacks’ consensus estimate of $2.98 by $0.27. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the company posted $2.58 earnings per share. The business’s revenue for the quarter was up 17.1% on a year-over-year basis.

Several hedge funds have recently added to or reduced their stakes in URI. BlackRock Inc. boosted its holdings in shares of United Rentals by 3,269.9% in the 1st quarter. BlackRock Inc. now owns 5,834,214 shares of the construction company’s stock valued at $729,568,000 after acquiring an additional 5,661,088 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of United Rentals by 362.1% in the 1st quarter. AQR Capital Management LLC now owns 1,109,900 shares of the construction company’s stock valued at $138,793,000 after purchasing an additional 869,711 shares during the period. State Street Corp lifted its stake in shares of United Rentals by 15.0% in the 2nd quarter. State Street Corp now owns 5,843,162 shares of the construction company’s stock valued at $658,586,000 after purchasing an additional 763,469 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of United Rentals by 320.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 760,094 shares of the construction company’s stock valued at $85,670,000 after purchasing an additional 579,400 shares during the period. Finally, Pioneer Investment Management Inc. lifted its stake in shares of United Rentals by 127.4% in the 2nd quarter. Pioneer Investment Management Inc. now owns 990,759 shares of the construction company’s stock valued at $111,669,000 after purchasing an additional 555,089 shares during the period. 93.66% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO William B. Plummer sold 5,301 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $128.26, for a total value of $679,906.26. Following the sale, the chief financial officer now directly owns 38,055 shares of the company’s stock, valued at approximately $4,880,934.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the completion of the sale, the insider now directly owns 302,292 shares in the company, valued at $36,507,804.84. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

United Rentals declared that its board has initiated a stock repurchase plan on Wednesday, October 18th that permits the company to repurchase $373.00 million in shares. This repurchase authorization permits the construction company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

United Rentals Company Profile

United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner

United Rentals, Inc. (NYSE:URI) – Equities research analysts at Jefferies Group raised their FY2018 earnings estimates for shares of United Rentals in a research note issued on Monday. Jefferies Group analyst J. Jordan now forecasts that the construction company will post earnings of $12.50 per share for the year, up from their previous estimate of $11.08. Jefferies Group has a “Buy” rating and a $165.00 price objective on the stock. Jefferies Group also issued estimates for United Rentals’ FY2019 earnings at $14.08 EPS.

A number of other research analysts also recently issued reports on URI. BidaskClub raised shares of United Rentals from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research downgraded shares of United Rentals from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Axiom Securities reissued a “sell” rating on shares of United Rentals in a research report on Thursday, July 13th. Royal Bank Of Canada raised shares of United Rentals from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $128.00 to $138.00 in a research report on Monday, July 17th. Finally, Bank of America Corporation reissued a “buy” rating and set a $145.00 target price (up previously from $130.00) on shares of United Rentals in a research report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. United Rentals presently has an average rating of “Buy” and an average price target of $140.37.

TRADEMARK VIOLATION NOTICE: This story was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright law. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/19/united-rentals-inc-uri-to-post-fy2018-earnings-of-12-50-per-share-jefferies-group-forecasts.html.

United Rentals (NYSE URI) traded down 1.33% during midday trading on Wednesday, hitting $142.40. 1,904,935 shares of the stock were exchanged. The firm’s 50 day moving average price is $133.45 and its 200 day moving average price is $118.10. United Rentals has a 12 month low of $70.58 and a 12 month high of $147.60. The company has a market cap of $12.04 billion, a PE ratio of 20.69 and a beta of 2.46.

United Rentals (NYSE:URI) last posted its quarterly earnings results on Wednesday, October 18th. The construction company reported $3.25 EPS for the quarter, beating the Zacks’ consensus estimate of $2.98 by $0.27. United Rentals had a net margin of 9.86% and a return on equity of 46.01%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the company posted $2.58 earnings per share. The business’s revenue for the quarter was up 17.1% on a year-over-year basis.

Several hedge funds have recently added to or reduced their stakes in URI. BlackRock Inc. boosted its holdings in shares of United Rentals by 3,269.9% in the 1st quarter. BlackRock Inc. now owns 5,834,214 shares of the construction company’s stock valued at $729,568,000 after acquiring an additional 5,661,088 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of United Rentals by 362.1% in the 1st quarter. AQR Capital Management LLC now owns 1,109,900 shares of the construction company’s stock valued at $138,793,000 after purchasing an additional 869,711 shares during the period. State Street Corp lifted its stake in shares of United Rentals by 15.0% in the 2nd quarter. State Street Corp now owns 5,843,162 shares of the construction company’s stock valued at $658,586,000 after purchasing an additional 763,469 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of United Rentals by 320.7% in the 2nd quarter. Neuberger Berman Group LLC now owns 760,094 shares of the construction company’s stock valued at $85,670,000 after purchasing an additional 579,400 shares during the period. Finally, Pioneer Investment Management Inc. lifted its stake in shares of United Rentals by 127.4% in the 2nd quarter. Pioneer Investment Management Inc. now owns 990,759 shares of the construction company’s stock valued at $111,669,000 after purchasing an additional 555,089 shares during the period. 93.66% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO William B. Plummer sold 5,301 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $128.26, for a total value of $679,906.26. Following the sale, the chief financial officer now directly owns 38,055 shares of the company’s stock, valued at approximately $4,880,934.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Kneeland sold 30,000 shares of the company’s stock in a transaction on Friday, July 21st. The shares were sold at an average price of $120.77, for a total transaction of $3,623,100.00. Following the completion of the sale, the insider now directly owns 302,292 shares in the company, valued at $36,507,804.84. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

United Rentals declared that its board has initiated a stock repurchase plan on Wednesday, October 18th that permits the company to repurchase $373.00 million in shares. This repurchase authorization permits the construction company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

United Rentals Company Profile

United Rentals, Inc is a holding company. The Company is an equipment rental company, which operates throughout the United States and Canada. It operates through two segments: general rentals, and trench, power and pump. The general rentals segment includes the rental of construction, aerial, industrial and homeowner equipment and related services and activities.

Earnings History and Estimates for United Rentals (NYSE:URI)

Receive News & Ratings for United Rentals Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Rentals Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply